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Goethe’s Co., produces Brute and Chanelle perfumes. The raw material needed to manufacture each type of perfume can be purchased for $3 per pound. Processing 1 lb of raw material requires 1 hour of laboratory time. Each pound of processed raw material yields 3 oz of Regular Brute perfume and 4 oz of Regular Chanelle Perfume. Regular Brute can be sold for $7/ oz and Regular Chanelle for $6/oz. Goethe’s also has the option of further processing of both types to produce Luxury Brute, i.e., sold at $18/oz and Luxury Chanelle sold at $14/oz. Each ounce of regular brute processed further requires an additional 3 hours of laboratory time and $4 processing cost and yields 1 oz of luxury Brute. Each ounce of regular Chanelle processed further requires an additional 2 hours of laboratory time and $4 processing cost and yields 1 oz of Luxury Chanelle. Each year Goethe’s co has 6,000 hours of laboratory time available and can purchase up to 4,000 lb of raw material. Formulate an LP that can be used to determine how Goethe’s Co can maximize profits. Assume that the cost of laboratory hours is a fixed cost. Solve and show work in excel including formulas and everything please.
Demand for dishwasher water pumps is 8 per day. The criterion deviation of Demand is 3 per day also the order lead time is four days. The service level is 95percent. Illustrate what should the reorder point be.
A farmer is preparing to plant a crop in the spring and needs to fertilize a field. There are two brands of fertilizer to choose from Great-gro and Super Crop. Each brand yields a specific amount of nitrogen and phosphate per bag. The farmer’s field ..
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Due to variations in processing times, management has decided to keep 20 percent of the needed inventory as safety stock. How many kanban card sets are needed?
When using objective information to determine the likelihood of different risks occurring on a project, project managers should not
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Please thoroughly explain the defined contribution pension plan design. Describe employee and employer obligations, entitlements and contribution issues, administration structures, risk burden, etc. Be specific. Time off with pay is important to all ..
Based on data for periods 11 through 20 as shown in the table, which of these two methods has the greater accuracy if MAD and MSE are used? (Round your answers to 2 decimal places.)
Topic of the question is Betting on uncertain demand : the newsvendor model Question 1 . The Penn Bookstore is doing an audit of the magazine procurement process. A consultant recommends an in-stock probability of 80% for all of the magazines they st..
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